Analyst Ratings for Fastenal Co. (FAST)

Updated: 2017-07-29

Shares of Fastenal Co. (NASDAQ:FAST) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for FAST last month.

A buy rating was issued by 8 analysts, 2 gave an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 4. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for FAST. The maximum price target given was 55, implying potential capital gains of 26.29 percent. The most pessimistic analyst gave a price target of 44, implying potential capital losses of 1.03 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.1 percent. That number becomes 4.17 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 2.67 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.22 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 8 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. During this time, 9 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

The growth rate of FAST's earnings is estimated by analysts to be 5.23 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of FAST is 4.58.

FAST has a 52-week high of 52.74 and a 52-week low of 37.70. The current market price is above the trailing year's low by 15.52 percent, and below the high by 17.43 percent. FAST has a P/E ratio of 23.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FAST value stock report compares FAST to some of its peers using value stock charts. The market cap of FAST is $12.61 billion. FAST will post this quarters earnings in days, on 0000-00-00.